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Mar 9, 2013
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wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july and august, where the united states was seriously talking about defaulting on the debt. we basically cut our job creation in half for that period. it was unprecedented. unnecessary, completely damaging economic sabotage. and washington keeps coming up with new and unusual ways to scare the economy, to take money and confidence out of the economy, none more twisted than taking the nation's credit rating and credit worthyness hostage. but washington, there is a way to stop doing it. it is not that complicated. just stop doing it. they could go home, go an vacation, don't d
wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july...
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it did not use the phrase debt ceiling even once. fiscal cliff, that was a big deal. not once. the only mention sequester once. it was for a lot to say it wasn't his fault and is not going to happen. that made the campaign about bain capital, what women. 47 percent, anything that the actual economy. long term entitlements, and it is a way to distract people. this is a time-honored washington concept. john: of course not just president obama. president bush the elder, type the drug war in the speech from the oval office holding a bag of cocaine. >> this is crack cocaine seized a few days ago by drug enforcement agents in a park just across the street from the white house. john: wow. right across the street from the white house. it turned out that that was crack sold in lafayette park only because dea agents lured then known dealer there. the dealer did not even know where lafayette park was. the d.a. had to give him directions also that he could be caught there. and this is show business. this is what every mayor, a small-town mayor, but town mayor does. they want to be next to
it did not use the phrase debt ceiling even once. fiscal cliff, that was a big deal. not once. the only mention sequester once. it was for a lot to say it wasn't his fault and is not going to happen. that made the campaign about bain capital, what women. 47 percent, anything that the actual economy. long term entitlements, and it is a way to distract people. this is a time-honored washington concept. john: of course not just president obama. president bush the elder, type the drug war in the...
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Mar 5, 2013
03/13
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CNBC
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ceiling. you've got some real strong gos in and some gos out. >> one of the things that spooked the market the other day was china's growth figures and whether or not we're really seeing a slowdown in china. you cover the global economy with all the companies you're helping out right now. what are you hearing about what's really going on in china and how concerned should u.s. investors be? >> well, i just happen to be with a very influential person in the china market last night over dinner. and he was not as concerned with the announcement as maybe the general public. they announce 7.5. obviously they have always beat their number. they have a new congress coming in. so again, for them, even 8%, 8.5 would not be as robust. but it's a heck of a lot stronger than what we're seeing. again, as the president talks about sequester maybe taken .6 of a point off, my concern is i wonder if we're accepting a new phenomenon here about running slower and jumping lower in our gdp growth. i hope we dig dee
ceiling. you've got some real strong gos in and some gos out. >> one of the things that spooked the market the other day was china's growth figures and whether or not we're really seeing a slowdown in china. you cover the global economy with all the companies you're helping out right now. what are you hearing about what's really going on in china and how concerned should u.s. investors be? >> well, i just happen to be with a very influential person in the china market last night...
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Mar 4, 2013
03/13
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it was a gun pointed to the president's head, the debt ceiling. for reasons we will never quite appreciate the, he agreed to this turbulent law that really had the supercommittee, with a deal, it probably would've been a bad deal also. the alternative was also bad -- sequestration. and it will be with us another decade unless its repeal. that would be our priority. short of that, you've got the possibility for what the administration called the balance deal, to include new tax revenue that would offset some of the spending cuts and spending cuts suspect would not necessarily been this across- the-board approach. what the contents of some of these deals, even some of the proposals the administration has made, will also be very bad for our members. anything involving cutting social security benefits for medicare benefits, but we oppose just as vigorously as we oppose for los. -- oppose furloughsa. we're talking to the administration. we are talking to management at every level in the agencies where be represent workers. we're talking to lawmakers. a
it was a gun pointed to the president's head, the debt ceiling. for reasons we will never quite appreciate the, he agreed to this turbulent law that really had the supercommittee, with a deal, it probably would've been a bad deal also. the alternative was also bad -- sequestration. and it will be with us another decade unless its repeal. that would be our priority. short of that, you've got the possibility for what the administration called the balance deal, to include new tax revenue that...
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Mar 9, 2013
03/13
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ceiling. that was in 2011. it was not even an election year. we see young leaders in well- informed on these issues and making sure their communities are well-informed as well. when we look at the voter turnout this past november, it reflects that level of engagement. our job is to make sure the young voters are well-informed based on community wide priorities. host: we saw student leaders on capitol hill. how often are those meetings taking place? what is your role in organizing or facilitating that? guest: over the last 15 months that the national leadership council has been around and assessing how much engagement already takes place. there is a fair amount of engagement that already happens. this past week, the student body president of the university of the illinois got to meet his representative. are our meetings that take place. -- there are meetings that take place. they are going to the hill and meeting with their representatives. as the national campus leadership council, we want to
ceiling. that was in 2011. it was not even an election year. we see young leaders in well- informed on these issues and making sure their communities are well-informed as well. when we look at the voter turnout this past november, it reflects that level of engagement. our job is to make sure the young voters are well-informed based on community wide priorities. host: we saw student leaders on capitol hill. how often are those meetings taking place? what is your role in organizing or...
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Mar 8, 2013
03/13
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. >> is the debt ceiling going to increase in may and july? >> yes. >> what about the idea of possibly changing \[inaudible] >> paul ryan, and budget committee members have been reaching out and listening sessions with our members over how do we get to our plan to balance the budget over 10 years. and they have done a very good job of listening to people and still continuing to make their tweaks as they get ready for next week's markup. when they are finished, i'll see it when you do. >> comments have been made \[inaudible] in exchange for resigning. can you comment on that? >> this is a disgraced congressman who went to jail and made a lot of baseless and false book. it's sad. >> reaching out to number two republican senators, we went through campaign-style events all eefer -- over the country and i had a discussion with the president last friday. and this week, we have gone 180. now after being in office now for four years, he is going to sit down and talk to members. i think it's a hopeful sign and i'm hopeful that something will come out o
. >> is the debt ceiling going to increase in may and july? >> yes. >> what about the idea of possibly changing \[inaudible] >> paul ryan, and budget committee members have been reaching out and listening sessions with our members over how do we get to our plan to balance the budget over 10 years. and they have done a very good job of listening to people and still continuing to make their tweaks as they get ready for next week's markup. when they are finished, i'll see...
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Mar 9, 2013
03/13
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>> i did not vote for the next debt ceiling raised. last year when we raised the debt ceiling, we added statutory caps and we have exceeded those a dozen times. they exceed the caps from last august that say that you're not supposed to spend more than this and then we raise them. and they just deem it to be okay. eighty out of 100 say they don't care what the rules are. many ignore their own rules. forty-eight hours is not enough to read most of the bills. but it is at least someone occurred just last week they put one up for 12 hours. they said we don't care what the rules are. i think that's why the american people are unhappy with congress because we do not obey our own rules. >> we are talking with senator rand paul, in his first book, the tea party goes to washington. he has a new one coming out called government bullies in august of 2012. one of the side issues that you have a address in this book is where your name came from. we are at this libertarian conference. are you named after someone? >> no, but i still get that question
>> i did not vote for the next debt ceiling raised. last year when we raised the debt ceiling, we added statutory caps and we have exceeded those a dozen times. they exceed the caps from last august that say that you're not supposed to spend more than this and then we raise them. and they just deem it to be okay. eighty out of 100 say they don't care what the rules are. many ignore their own rules. forty-eight hours is not enough to read most of the bills. but it is at least someone...
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Mar 4, 2013
03/13
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it was a gun pointed to the president's head with a debt ceiling and for reasons we will never appreciate, i suppose, he agreed to this terrible law that really had the super committee, with a deal that probably would've been a bad deal. the alternative was also bad -- sequestration. it will be with us another decade unless it is repealed. that would be our preference. short of that, and in the context of sequestration, you have the possibility for what the administration calls balanced deals, which includes new tax revenue that would offset some of the spending cuts. and spending cuts that would not necessarily be across the board in approach. the contents of some of these deals, even some of the proposals the administration has made will also be very bad for our members. anything involving cutting social security benefits for medicare benefits, which proposed just as vigorously as we oppose furloughs. there are so many bad options once you get past the option of appealing the budget control act. who are talking to? everybody. we are talking to the administration, we're talking to manage
it was a gun pointed to the president's head with a debt ceiling and for reasons we will never appreciate, i suppose, he agreed to this terrible law that really had the super committee, with a deal that probably would've been a bad deal. the alternative was also bad -- sequestration. it will be with us another decade unless it is repealed. that would be our preference. short of that, and in the context of sequestration, you have the possibility for what the administration calls balanced deals,...
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Mar 4, 2013
03/13
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CNBC
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so this is not something, whether it's debt to the ceiling on it. >> several people had written in about how this is different than your usual acquisition by partnering up with someone. normally, you look at a business where you want to keep the management that's there and you look at that and it's a long time add in. why do this with 3g? >> well, i've known georgegy powell for a dozen years. i've known him associates. i think they might be the best managers in the world. so -- and incidentally, they're getting no extra ride for managing it. so there is a 3% carveout for management if they meet certain performance targets. but i would love to have that group manage any business that we have and so they are the managing partners. we're the financing partners. and to me, it's a dream. i mean, we get terrific management with them. management i couldn't buy. and they get somebody that can finance it with a phone call, which makes it very easy from their standpoint. >> is that 3% of annual net income or something? >> no. the ability to buy 3% of the common hits certainly performance levels. >
so this is not something, whether it's debt to the ceiling on it. >> several people had written in about how this is different than your usual acquisition by partnering up with someone. normally, you look at a business where you want to keep the management that's there and you look at that and it's a long time add in. why do this with 3g? >> well, i've known georgegy powell for a dozen years. i've known him associates. i think they might be the best managers in the world. so -- and...